The economist Hernando de Soto extensively studied:
a. the problem of scarcity.
b. opportunity costs.
c. insecure property rights.
d. economic freedom in rich countries.
e. the sources of comparative advantage in trade.
c
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Evidence from a study of the market for baseball players using 1960s data
a. indicated that sports with strong player associations are unlikely to experience wage discrimination. b. suggested that government regulation had eliminated most evidence of wage discrimination. c. found some evidence of consumer-driven wage discrimination. d. found that measurement of marginal productivity was very difficult for baseball players.
The main way corporations and governments raise money is through
A. the stock market. B. the bond market. C. the equity credit channel. D. loans from banks.